I'm adamant about the unconstitutionality of the restriction on the purchase of land by companies that are controlled by foreigners.
Today, Valor Economico, a Brazilian newspaper, published an article stating that the São Paulo Court of Justice (similar to a State Court, or court of appeal) has ruled that a Brazilian company with a majority of its capital owned by foreigners can, indeed, purchase land.
The company in question is a paper mill and, apparently, needed land to harvest trees.
I congratulate Mr. Ricardo Quass Duarte, from Trench, Rossi e Watanabe Law Firm, for this victory.
Anyone needing more details about the case is welcome to contact me.
A link to the original article follows below:
http://www.valor.com.br/brasil/2954596/tj-sp-autoriza-registro-de-terras-por-empresa-controlada-por-estrangeiro#ixzz2GqiUeZsS
TJ-SP autoriza registro de terras por empresa controlada por estrangeiro | Valor Econômico
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